Is Volunteer Florida Foundation Inc Legit?…

Quick charity verification for Volunteer Florida Foundation Inc (EIN: 10973168)

Spending Breakdown

How Volunteer Florida Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Volunteer Florida Foundation Inc

Is Volunteer Florida Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Volunteer Florida Foundation Inc (EIN: 10973168) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.

Is Volunteer Florida Foundation Inc a good charity to donate to?

Volunteer Florida Foundation Inc has a Mission Score of 85/100. Revenue: $24.9M. Assets: $15.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Volunteer Florida Foundation Inc?

The Employer Identification Number (EIN) for Volunteer Florida Foundation Inc is 10973168. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Volunteer Florida Foundation Inc spend its money?

Volunteer Florida Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Volunteer Florida Foundation Inc's tax-exempt status?

You can verify Volunteer Florida Foundation Inc's tax-exempt status using EIN 10973168 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Volunteer Florida Foundation Inc. demonstrates highly variable financial activity over the past decade, with revenue fluctuating significantly from a low of $314,930 in 2016 to a high of $64,415,008 in 2023. This volatility makes consistent financial health assessment challenging. The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. However, without detailed expense breakdowns beyond total expenses, it's difficult to fully assess spending efficiency, particularly the allocation between program services, administrative costs, and fundraising efforts. The substantial increase in assets to $35,780,764 in 2023, alongside a significant revenue spike, suggests a period of substantial growth or increased grant funding, which warrants further investigation into the nature of these funds and their deployment.

The organization's financial reporting consistently shows no officer compensation, which is a positive sign for donor confidence regarding executive pay. However, the dramatic swings in revenue and expenses, such as the jump from $553,766 in revenue in 2022 to $64,415,008 in 2023, indicate that the organization likely manages large, potentially episodic, grants or government funding. While this isn't inherently negative, it suggests a need for robust financial management to handle such variability. The lack of reported liabilities in some years, such as $8,290 in 2018, further points to a generally healthy balance sheet, though the 2023 liabilities of $245,588 are a minor fraction of its assets.

Is Volunteer Florida Foundation Inc Legit?

Verdict: Volunteer Florida Foundation Inc appears trustworthy

Red Flags

Strengths